Important data you need to be aware of
Important Data – If you are considering a trade soon, it’s worth this week being aware of:
Today 09.30 am – UK PMI Manufacturing. PMI is ‘Purchasing Managers Index’ – it is a snapshot of the previous month’s economic activity in that sector. It offers the most up to date information for market sentiment and hence is closely watched. 09.00 am sees Eurozone PMI for Manufacturing too.
Thursday 09.30 – UK PMI Construction – The same as the above but for the Construction sector.
Friday 09.30 am – UK PMI Services – The same as the above but for the Services Industry. On Friday at 13.30 we also have the US Non-Farm Payroll data which is notorious for moving the market on various currencies.
Next week we have Interest Rate decisions for both the UK and Eurozone where we may possibly see a Eurozone rate cut or QE in the UK. If you are unsure of how these events could change your rate, or want to know more about any of the processes involved in using our service please let us know and I can quickly explain how it works so everything runs smoothly and we can focus on getting you the best deal!
We are a specialist firm of currency brokers and we write this site for the benefit of our clients as well as anyone sick and tired of terrible exchange rates from the banks and their current brokers! We never have any trouble being able to get our clients the very best prices and we always work with them to make sure they are aware of what is moving the market and all their options.
I hope you find this article informative and encourage you to contact me personally if you would like any further information on jmw@currencies.co.uk
